RRChain (RRT)

Overview

RRChain is a vertical public chain that proposes revolutionary technology solutions for competitive governance.

Project stage

Only a whitepaper

Detailed description

RRNC project will build a blockchain-based decentralized computing network that collects and makes the most use of the unused computing power of personal computers and smart terminals. Establishing public chains(RRChain) and issuing RRCoin to collect idle computing power of global personal terminals (computers, mobile phones) by providing users with easy-to-use mining tools, which allow users to mine through browsers, clients, and etc. and get RRCoin easily.

By using RRCoin as leverage to create the consumption circulation environment, different scenes of consumption, such as video sites, news, e-commerce and etc. can be integrated into our economic system, thus facilitating people using RRCoin to consume.Once global distributed computing network is constructed by gathering residual computing power of personal terminals, those power can be used to perform commercial computing tasks, which brings new commerical value to RRNC economic system.

Problem

The current global computing market is monopolized by giants such as Amazon, Google, Microsoft, and Baidu, Alibaba, Tencent (normally referred as “BAT” in China). Subject to closed networks, external payment systems, and rigid operating models, now the computing market is an extremely centralized market. Those giants use their market advantages to enjoy high profits, which in turn leads to high prices for computing services. With the development of technology, the computing market can be re-architected according to a new theory, that any individual computing units can be added to the computing power network, which will greatly reduced the cost of computing.

Solution

RRNC team hopes to participate in the wave of reconstruction of the computing power market to recreate a computing ecosystem through blockchain technology. Core mission is the following two points:

Build the world's largest distributed computing network of personal terminals

Build the world's largest multipurpose personal terminal computing power market.

Blockchain technology and Token are the basic tools for solving the market liquidity of computing power. The RRNC will release its own public chain RRChain and issue RRTokens as well as RRChain-based smart contracts. Users will obtain RRC by contributing their CPU power of the personal terminals.

When all those plans are perfectly implemented, an ecosystem for different application scenarios of computing power will be developed, and RRTokens will serve as an economic lever to help the entire ecosystem functioning well

Features

A Global Computing Power Integration ProjectRRChain adopts the PoW mechanism. The miner(supplier) contributes his/her own remaining computing power by mining. Demanders allows to purchase power to complete their tasks. At the same time, developers can apply computing power to special scenes.

The Fairness Of The Computing Power RecoveryDesign the CPU as an adaptation target to ensure that the performance advantages of the small-core CPU can be fully utilized while preventing the involvement of the ASIC mining machine. Users can use ordinary PC/mobile CPU to mine, and truly achieve the fairness of 1 vote per CPU rule. In addition, RRChain uses a rotation algorithm set strategy, which changes continuously over time, and the single algorithm ASIC miner cannot be used in RRChain mining. RRChian satisfies the randomness, fairness and unpredictability required by the PoW algorithm.

Smart ContractSmart contracts are written in a proprietary Solidity language, then uploaded to a block and persist. Because blockchain data is secure and immutable, people can be confident that the smart contracts on the RRC execute as expected, and that the enforceability of the code makes it impossible for levies and defaults to occur.

Multiple Application ScenariosAPI will be supported to developers for RRChain interaction in specific scenarios. RRChain will also support smart contracts which will help developers with mature application scenarios to publish their own Tokens or side chains.

Show details

Additional links

Token details

Token symbol
? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. :RRT

Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : NA

Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Own blockchain ()

Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA

Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token

Total supply ? Total supply — a total amount of tokens that will be released by the developers. :1,800,000,000 RRT

Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No

Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :NA

Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Without whitelist

Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No

Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA

Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :NA

Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :USA,

Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :No

Sale schedule

Team

Advisors

Bo Shen

Consultant

Yuan Ye

Consultant

Li Zongcheng

Consultant

Feng Chi

Consultant

Liu Junfeng

Consultant

Dai Jun

Consultant

Roadmap

No information

Activity

Social

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